Eureka Company

Eureka Company: A Comprehensive Overview

1. Company Overview

Founding Date and Background

Eureka Stock & Share Broking Services Limited, commonly referred to as Eureka, was founded in 1992. The company has established itself as a prominent player in the Indian financial services sector, offering a range of investment solutions and trading services.

Parent Company/Ownership Structure

Eureka operates as an independent entity and is not a subsidiary of any larger corporation. It is owned and managed by a dedicated team of professionals, led by its founder, Ramesh Kumar Somani.

Headquarters Location

The headquarters of Eureka is located at 1101, Merlin Infinite, DN 51, Sector V, Salt Lake City, Kolkata, West Bengal, India.

Global Business Scope

While Eureka primarily focuses on the Indian market, it offers services that enable clients to trade in international markets as well. The company serves a diverse clientele, including retail investors, institutions, corporate bodies, and financial institutions.

Main Regulatory Bodies

Eureka is registered with several regulatory bodies in India, including:

• Securities and Exchange Board of India (SEBI)
• National Stock Exchange (NSE)
• Bombay Stock Exchange (BSE)
• National Commodity and Derivatives Exchange (NCDEX)
• Multi Commodity Exchange (MCX)

2. Company History and Development

Key Milestones

Eureka has achieved several key milestones since its inception, including:

• 1992: Founded as a financial intermediary.
• 1996: Became a member of the NSE.
• 2001: Expanded its membership to include BSE, NCDEX, and MCX.
• 2010: Became a SEBI-approved portfolio management service provider.

Business Expansion Journey

Over the years, Eureka has expanded its operations across India, establishing 29 branches and over 200 registered sub-brokers. The company has grown its client base to serve more than 90,000 investors.

Customer Base Growth

Eureka has consistently focused on customer satisfaction, leading to significant growth in its client base. The firm has built a reputation for reliability and service excellence, attracting both retail and institutional investors.

Platform Development History

Eureka has developed and launched various trading platforms to cater to the needs of its clients, including the EU Trade Web and the Infinity by Eureka mobile app. These platforms provide users with advanced trading tools and real-time market data.

Important Awards or Recognitions Received

Eureka has received numerous accolades, including:

• Top performer in active account opening by NSDL (2015)
• CII-Exim Bank Award for Business Excellence (2014)

3. Trading Services Offered

Forex Trading Options

Eureka provides forex trading services, allowing clients to trade various currency pairs. The exact number of currency pairs available may vary, but the platform supports a range of major and minor currencies.

Stock Trading Options

Eureka offers comprehensive stock trading services, enabling clients to trade equities on major exchanges like NSE and BSE. The company provides flexible brokerage charges, making it accessible for various types of investors.

CFD Trading Products

While specific information on CFD offerings is limited, Eureka's platform supports trading in derivatives, which may include contracts for difference (CFDs) on various underlying assets.

Other Financial Instruments

Eureka offers a diverse range of financial instruments, including:

• Commodities: Trading in agricultural and non-agricultural commodities.
• Mutual Funds: Access to various mutual fund schemes.
• Initial Public Offerings (IPOs): Participation in upcoming IPOs.
• Portfolio Management Services: Custom investment strategies for clients.

Special Services or Unique Advantages

Eureka distinguishes itself with several unique advantages:

• Advisory Services: Expert guidance for informed investment decisions.
• User-Friendly Platforms: Innovative trading tools and mobile applications.
• Educational Resources: Access to research reports and market analysis.

4. Regulatory and Legal Background

Detailed Regulatory Information

Eureka is regulated by the following bodies:

• Securities and Exchange Board of India (SEBI)
• National Stock Exchange (NSE)
• Bombay Stock Exchange (BSE)
• National Commodity and Derivatives Exchange (NCDEX)
• Multi Commodity Exchange (MCX)

Legal Entity Structure by Region

Eureka operates primarily in India and is structured as a public limited company. The firm adheres to local regulations and compliance requirements set by Indian regulatory authorities.

Client Fund Protection Measures

Eureka takes client fund protection seriously, employing measures such as:

• Segregation of client funds from operational funds.
• Compliance with regulatory guidelines to ensure transparency and security.

Countries/Regions Served

While primarily focused on the Indian market, Eureka also facilitates international trading for its clients, allowing access to global financial markets.

Compliance History

Eureka has maintained a good compliance record with regulatory bodies, ensuring adherence to industry standards and practices.

5. Competitive Landscape

3-5 Main Competitors

Eureka faces competition from several notable brokers in the Indian market, including:

• Zerodha
• ICICI Direct
• HDFC Securities
• Sharekhan
• Angel Broking

Positioning in the Industry

Eureka positions itself as a reliable full-service broker, catering to both retail and institutional clients. The company's long-standing presence in the market and commitment to customer service enhance its competitive edge.

Market Differentiation Factors

Eureka differentiates itself through:

• A robust trading platform with advanced features.
• Personalized advisory services tailored to client needs.
• A strong emphasis on customer satisfaction and support.

For more information on Eureka Company and its offerings, learn more here.

This article provides a comprehensive overview of Eureka Company, detailing its operations, services, and position within the financial services industry. With a focus on factual accuracy and clarity, it serves as a valuable resource for anyone looking to understand more about this prominent brokerage firm.